TVS Credit Services Limited, a prominent player in India’s NBFC sector, has reported a 19% year-on-year growth in Profit After Tax (PAT) for the first half of FY25 compared to H1 FY24. In its unaudited financial results for the period ending September 30, 2024, the company showcased solid growth, with Assets Under Management (AUM) rising by 13% to Rs. 26,652 Crore, reflecting an increase of Rs. 3,136 Crore from the previous year.
Total Income for H1 FY25 stood at Rs. 3,245 Crore, marking an 18% year-on-year growth. The Net Profit After Tax for H1 FY25 reached Rs. 301 Crore, a robust 20% increase compared to the previous fiscal year. In the quarter ending Q2 FY25, TVS Credit reported a Total Income of Rs. 1,639 Crore, up by 17%, and a Net Profit After Tax of Rs. 161 Crore, which also represented a 20% growth year-on-year.
The company’s impressive performance is driven by an expanding distribution network, increased consumption, and heightened penetration across its service areas. With over 20 lakh new customers added in H1, TVS Credit has now served more than 1.6 crore customers. The company has also focused on fortifying its credit norms as part of its risk management strategy, ensuring portfolio optimization and sustained health amid evolving market conditions.
As the festive season unfolds, TVS Credit has rolled out special product schemes and consumer promotions aimed at enhancing customer satisfaction and boosting sales. The company is committed to digital transformation, product expansion, and improving operational efficiency, which will continue to drive growth in the coming quarters.
